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Weekly active inventory growth still too slow

Housing Wire

With mortgage rates at the current levels, inventory is still below my expectations, but it’s still such a positive story that I had to discuss it on CNBC last week. This model was based on rates over 7.25% , which is my peak rate forecast. This was my big talking point on CNBC earlier in the year. 2022: 17.2%

Mortgages 409
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Opinion: How real estate brokers can overcome the profitability problem

Housing Wire

Recently, I had a conversation in which I put on my broker hat, discussed common hurdles faced by brokerages today, and explored potential solutions. From my experience, mindset is imperative in overcoming obstacles and driving success. Navigating challenges in real estate brokerage requires a deep understanding of the industry.

Brokerage 355
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No Fed pivot in sight as Powell addresses rate cuts on 60 Minutes

Housing Wire

” This is the old and slow part I have been discussing since the end of 2022. This has been a theme of my work since 2022 and is why I favor labor data over inflation data at this stage. Back in 2022, the Fed discussed having the Fed Funds rate mirror three, six and 12-month PCE data. and the Fed funds rate is over 5%.

Mortgages 489
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Finally, some healthy housing inventory growth

Housing Wire

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. However, 2023 tested my model as the inventory growth rate on a week-to-week basis was slow, even when rates headed toward 8%. This is something I talked about last week on Yahoo Finance.

Mortgages 470
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How LOs can use short-form video content to connect with Gen Z

Housing Wire

Tips: Record a 15-second video of you doing something (for example, walking into an open house, sitting at your desk typing out emails, walking your dog, pretending to talk on the phone) and add audio or voiceover over the video discussing a topic. Sometimes I open Instagram and click through stories without even looking at my feed.

Branding 370
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

3-10): Inventory fell from 457,717 to 444,129 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 947,864 New listings data The new listing data put a big smile on my face this week! Here is a look at last week: Weekly inventory change (Feb.

Mortgages 504
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The labor report gives the Fed a clear pathway to land the plane

Housing Wire

The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking for with the jobs data. My target has always been the same: jobless claims breaking above 323,000 on the four-week moving average is recessionary.

Land 437